We prepare to sell below major resistance at 89.31 (Multiple Fibonacci extensions, swing high resistance) for a push down to at least 88.15 support (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 97% where we expect a reaction from soon.
Correlation analysis: AUD/JPY looks like it has a little bit of a further upside before a drop, and this is in line with what we're expecting on USDJPY's recent rally.
Sell below 89.31. Stop loss is at 89.66. Take profit is at 88.15.
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